554 Forest Avenue
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 14, 2024 | Sold | ||
| Sold | |||
| Apr 24, 2024 | Listed by Compass | $1,999,900 | |
| Listed by Compass | |||
| | |||
|
Welcome to 554 Forest Avenue, a truly exquisite residence exuding timeless elegance and luxury. This stunning home offers 5 bedrooms, 5.5 bathrooms, and boasts an expansive 5932 square feet of living space on a generous lot of 10741 square feet. Upon entering, you are greeted by a grand foyer that leads to the sophisticated living areas adorned with impeccable hardwood floors, 10' ceilings, custom millwork and an abundance of natural light. The chef's kitchen is a culinary masterpiece, featuring top-of-the-line Sub Zero, Wolf, and Thermador appliances, double ovens, a range hood, paneled dishwasher, fridge and freezer and an 8' island. The adjacent butlers pantry and oversized family room with a fireplace create an inviting ambiance for entertaining guests. The primary bedroom suite is a sanctuary of indulgence with multiple closets, and a spa-like ensuite bathroom featuring heated floors, Kohler bluetooth amplifier with waterproof speakers, a steam shower, and a separate helix tub for ultimate comfort. Each additional bedroom is thoughtfully designed with custom cabinetry and accompanied by its own private or adjacent bathroom, ensuring every resident's comfort and privacy. The second floor laundry room features 2 sets and washer and dryers, a sink and plenty of storage. An extra deep pour full basement offers additional space for recreation and entertaining, with a full bar and secondary kitchen area, wine cellar, game room and theater room. The spacious mudroom and catch all closet off the side door are easily closed off while providing the needed space. This home also has a whole house generator providing peace of mind during any power outages. The outdoor space is equally impressive, with a beautiful paver patio and porch, built in grill, the perfect setting for al fresco dining or relaxing amidst the lush surroundings. Down the street you have Keystone park, and you are minutes from grocery stores, downtown Oak Park, Metra, restaurants and dining!
| |||
| Jun 1, 2017 | Sold | ||
| Sold | |||
| Mar 20, 2017 | Listed by Weichert Realtors-Nickel Group | $554,000 | |
| Listed by Weichert Realtors-Nickel Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017